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Feb 1, 2013
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>>> i'm mandy drury with your cnbc market wrap. the dow jumped by 149 points closing above 14,000 for the first time since 2007. the s&p added 15 points and the nasdaq gained 37. 157,000 new jobs were created last month with the unemployment rate ticking up to 7.9%. the numbers were slightly weaker than estimates but investors were conferred by upward revisions to november and december's numbers. more positive data on consumer sentiment, manufacturing, and construction spending also helped to push stocks higher. that is it from cnbc, first in business worldwide. have a great weekend, everybody. now it's back over to "hardball." ♪ >>> welcome back to "hardball." we're seeing a trend i'd say. republican men behaving badly. in fact, they're talking exactly the way they did in the four years leading up to their 2012 election disaster. apparently losing a presidential election senate house seats hasn't dissuaded some republicans from putting their worst feet forward. take chuck hagel's confirmation hearing. some of which we've been ta
>>> i'm mandy drury with your cnbc market wrap. the dow jumped by 149 points closing above 14,000 for the first time since 2007. the s&p added 15 points and the nasdaq gained 37. 157,000 new jobs were created last month with the unemployment rate ticking up to 7.9%. the numbers were slightly weaker than estimates but investors were conferred by upward revisions to november and december's numbers. more positive data on consumer sentiment, manufacturing, and construction spending...
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Jan 17, 2013
01/13
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cnbc's mandy drury is here with what's moving your money. the faa has grounded the 787 over new safety concerns. >> japan has done it, india has done it, as you say the u.s. of course is doing it and now the european aviation safety act si is grounding this very troubled jed liner. the concern here is, chris, that the lithium battery can leak corrosive fluid and start fires and you might remember a japanese 787 made an emergency landing because of this problem and it also raises the question now of the financial burden that this is going to pose on boeing, of the compensation essentially to the airlines that have had to ground their 787s and they have really had to scramble their flights to make sure everyone gets on their flights and poland's airlines say they may receive compensation from grounding of its two 787s and it's only going to take delivery of three more dream liners that had basically reserved and ordered if the technical issues had been resolved and you can bet your bottom dollar that there might be other airlines that say the
cnbc's mandy drury is here with what's moving your money. the faa has grounded the 787 over new safety concerns. >> japan has done it, india has done it, as you say the u.s. of course is doing it and now the european aviation safety act si is grounding this very troubled jed liner. the concern here is, chris, that the lithium battery can leak corrosive fluid and start fires and you might remember a japanese 787 made an emergency landing because of this problem and it also raises the...
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Oct 22, 2013
10/13
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cnbc's mandy drury is here with what's moving your money on this day. all right, so what do we expect? how many tablets? what are they. >> reporter: it's all very exciting for those people who like apple products. we've got new versions of the full-sized ipad and the ipad mini. of course just in time for the year-end holiday shopping season. and the ipad 5 is expected to be thinner and lighter. the ipad mini 2 is likely to include a high resolution retina display, possibly with a fingerprint sensor, and the color scheme of both those ipads is expected to match the iphone 5s. we had the space gray, champagne gold and also the silver. we may also get a new macbook pro. but here's the thing. we're talking evolutionary and not revolutionary. in other words, basically an upgrade similar to the iphone 5s. but as for what's happening in the tablet space, apple obviously has the biggest share of the global tablet market, it's got 33% followed by samsung with 19% and then there's all those others, there's acis, lenovo. but it's a day of lots of presents. you hav
cnbc's mandy drury is here with what's moving your money on this day. all right, so what do we expect? how many tablets? what are they. >> reporter: it's all very exciting for those people who like apple products. we've got new versions of the full-sized ipad and the ipad mini. of course just in time for the year-end holiday shopping season. and the ipad 5 is expected to be thinner and lighter. the ipad mini 2 is likely to include a high resolution retina display, possibly with a...
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Jan 7, 2013
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cnbc's mandy drury is here with what's moving your money. reports two bidders have emerged in the hostess bankruptcy talks to buy the bread part of the business. >> that's right. flowers foods and grupo. two names thrown around before reportedly in discussions to acquire pieces of the bread business as hostess is basically selling off assets now in a bankruptcy court auction which could be as soon as this week. there are reports of other interested parties. those two are supposedly the opening bidders. as for how much they might have to fork over, you've got the bread business and it's got lots of brands. things like wonder bread, nature's pride, butternut, home pride. according to one person it could all fetch more than $350 mill n million. as for the cake business, that includes the twinkies, that expected to be sold later on this year. we're watching for this week. >> big develops related to the foreclosure fiasco. >> we're talking about a multibillion dollar settlement and the negotiations over this have been going on for some time. the
cnbc's mandy drury is here with what's moving your money. reports two bidders have emerged in the hostess bankruptcy talks to buy the bread part of the business. >> that's right. flowers foods and grupo. two names thrown around before reportedly in discussions to acquire pieces of the bread business as hostess is basically selling off assets now in a bankruptcy court auction which could be as soon as this week. there are reports of other interested parties. those two are supposedly the...
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Dec 12, 2013
12/13
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cnbc's mandy drury is here with what's moving your money. another sign, maybe, the foreclosure crisis may finally almost be over. >> we're certainly hoping so, chris. foreclosure activity in november was down 37% from a year ago. and will not derail the housing rebound under way in many parts of the country, according to the real estate research firm realty track. those are the findings. as you say, november foreclosure starts fell to their lowest level since december 2005. that really is before the housing bust began. so hopefully we're in the ninth inning of the crisis. if you want to know the states with the highest foreclosure rate still in the month of november, they were florida, delaware, maryland, south carolina and illinois. but apparently the reason for that is that all of those states require foreclosures to go through the court. so that can take quite a bit more time. and with the exception of florida, other states hit hard by foreclosurers in the past include california and arizona. and they've cleared stressed properties faster
cnbc's mandy drury is here with what's moving your money. another sign, maybe, the foreclosure crisis may finally almost be over. >> we're certainly hoping so, chris. foreclosure activity in november was down 37% from a year ago. and will not derail the housing rebound under way in many parts of the country, according to the real estate research firm realty track. those are the findings. as you say, november foreclosure starts fell to their lowest level since december 2005. that really is...
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Nov 1, 2013
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cnbc's mandy drury is here with what's moving your money. we had one of our producers who took a picture of the line in the very wee hours of the morning. what's going on, mandy? >> yeah, the retail store sales started at 8:00 a.m. this morning and of course you'd have to line up to be out there in the front of the line. it's unclear just how many of these new ipads that apple is expected to sell in this launch weekend, but last november you might remember that apple reported initial sales of three million ipads in the first three days, which was twice the 1.5 million that it sold during the third generation launch in march. so -- and guess what, we're not even the first here in the united states. the new ipad already arrived first in places like australia, obviously my home country, and in the biggest global rollout launch yet for an apple tablet, it is headed to 41 other countries. according to c-net while initial online sales in various other places just after midnight local time was popular, it only sold out in hong kong. so we'll just h
cnbc's mandy drury is here with what's moving your money. we had one of our producers who took a picture of the line in the very wee hours of the morning. what's going on, mandy? >> yeah, the retail store sales started at 8:00 a.m. this morning and of course you'd have to line up to be out there in the front of the line. it's unclear just how many of these new ipads that apple is expected to sell in this launch weekend, but last november you might remember that apple reported initial...
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Jan 28, 2013
01/13
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cnbc's mandy drury. >> it seems as if, richard, quietly, quietly, fees buying things by credit card are moving up. merchants are permitted to hit you with a surcharge when you use certain credit cards. basically it's a win for retailers but a loss for us, the consumer. it is the result, richard, of a class action settlement last july which gives the merchants the option. it's the option. they have to do it. if they want to they can tack as much as a 4% surcharge on to your bill if you pay with visa or mastercard. however, and here's the however, richard. when you consider how competitive the retail environment is, apparently the national retail federation polled its members and found that none actually plan to add the fee. you've got, for example, toys r us and target. they told nbc news that they would not be passing that on to shoppers. >> profit margins are so skinny when we're talking about retail. >> right. >> let's move to this. the suffering could soon be over for fans of devil dogs, ring dings and yodels. >> reportedly mckee foods that makes little debbie snack cakes is reported
cnbc's mandy drury. >> it seems as if, richard, quietly, quietly, fees buying things by credit card are moving up. merchants are permitted to hit you with a surcharge when you use certain credit cards. basically it's a win for retailers but a loss for us, the consumer. it is the result, richard, of a class action settlement last july which gives the merchants the option. it's the option. they have to do it. if they want to they can tack as much as a 4% surcharge on to your bill if you pay...
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Jan 2, 2013
01/13
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. >>> i'm mandy drury with your market wrap. the dow soared more than 300 points. the nasdaq climbed by 93. the jump start came from washington where last night's eleventh hour fiscal cliff deal in the house gave investors renewed confidence. apple jumped nearly 3% amid talks they're testing a new iphone and new ios software. that's it from cnbc. now back over to "hardball." . >>> there's only one group to blame for the continued suffering of these incident victims. the house majority and their speaker john boehner. we respond to innocent victims of natural disasters not as republicans or democrats, but as americans. or at least we did. until last night. last night the house of representatives failed that most basic test of public service. and they did so with callous indifference to the suffering of the people of my state. >> welcome back to "hardball." when a politician even one as outspoken as chris christie the republican governor of new jersey trashes his own party like that, it's knews. in fact, the failure of the vote on a package for hurricane san si is one
. >>> i'm mandy drury with your market wrap. the dow soared more than 300 points. the nasdaq climbed by 93. the jump start came from washington where last night's eleventh hour fiscal cliff deal in the house gave investors renewed confidence. apple jumped nearly 3% amid talks they're testing a new iphone and new ios software. that's it from cnbc. now back over to "hardball." . >>> there's only one group to blame for the continued suffering of these incident victims....
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Jan 28, 2013
01/13
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. >>> i'm mandy drury with your cnbc market wrap. modest moves with the dow falling 14 points, the s&p is off by 2, and the nasdaq gained 4. yahoo! shares have been up as much as 4% in after hours trade following a better than expected earnings report. revenue was in line with estimates. >>> on the economic front, durable goods orders rose 4.6% last month, much more than forecast. however pending home sales slid by 4.3% in december. economists were expecting a gain. that is it from cnbc, first in business worldwide. now back over to "hardball." ♪ >>> i decided to not comment between the election and the inauguration because i wanted to see what kind of presidents we were looking at here, what kind of path and trajectory he was putting his administration on, and all of the statements and all the comments lead me to believe that he's thinking more of a political conquest than political compromise. >> welcome back to "hardball." this weekend congressman paul ryan, you just saw him there, kept up the republican claim of victimhood. tha
. >>> i'm mandy drury with your cnbc market wrap. modest moves with the dow falling 14 points, the s&p is off by 2, and the nasdaq gained 4. yahoo! shares have been up as much as 4% in after hours trade following a better than expected earnings report. revenue was in line with estimates. >>> on the economic front, durable goods orders rose 4.6% last month, much more than forecast. however pending home sales slid by 4.3% in december. economists were expecting a gain. that...
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Nov 13, 2013
11/13
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cnbc's mandy drury is here with what's moving your money, talking about american airlines and u.s. airways. they have reached a deal to create the world's biggest airline. >> there's still some questions about what it means for us, the air traveler. we don't know whether it's going to be a huge cost to us, but what we do know is that there is some question over what happens to small towns that could lose service. the two airlines did agree to give up dozens of gates in new york and washington to make this merger happen. that does allow for a bigger foot hold for low cost acarrier at key u.s. airports could could be good. it could mean more competition on routes. we always think more competition, cheaper fares, but apparently that's not going to necessarily be the case. the industry was under a lot of financial strain for some time, is doing much better now, and you know what, they're probably not willing to give that up. so the hope is at least with the improved finances of the new merged airline, we're hoping at the very least if not cheaper flights, at least maybe better customer
cnbc's mandy drury is here with what's moving your money, talking about american airlines and u.s. airways. they have reached a deal to create the world's biggest airline. >> there's still some questions about what it means for us, the air traveler. we don't know whether it's going to be a huge cost to us, but what we do know is that there is some question over what happens to small towns that could lose service. the two airlines did agree to give up dozens of gates in new york and...